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Business For Sale
MEN'S CLOTHING STORE
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Asking Price: |
$2,200,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Clothing & Accessories
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Reason for Selling:
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Other Ventures |
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Year Established:
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1980 |
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Yearly Revenues:
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$2,500,000 |
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Yearly Cash Flow:
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$330,000 |
Business for Sale Overview:
Premier Midwest Independent Men's Fashion Retailer with Real Estate. Retailers of this caliber are rarely available for sale. This elegant men's fashion store has been in business more than 20 years and now draws a nationwide following of style-conscious gentlemen. Located on a main thoroughfare in one of Chicago's wealthiest suburbs, this retailer combines the panache of fashion with the grubby comfort of steady income and sterling silver real estate. The owners have studiously provided this store with the finest of European and American goods, and have spare no expense in making the quality of the presentation of their wares second to none. Most shops on Regent Street would look a little shabby and moth-eaten compared to this magnificent establishment.
Property Features and Assets:
The switch by much of the hoi polloi to "business casual" was a matter of complete indifference to this business, since its clientele -- attorneys, physicians, and the business elite -- would never be seen in their offices in anything less than a high quality business suit. The magnificent building in which this clothier is located features residential rental space in addition to the first-class retail space for the business. The residential spaces are strictly top-notch, and never lacking for good tenants.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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